NRG Energy, Inc. (NRG) To Go Ex-Dividend on February 2nd

by · The Markets Daily

NRG Energy, Inc. (NYSE:NRG – Get Free Report) declared a quarterly dividend on Friday, January 23rd. Shareholders of record on Monday, February 2nd will be paid a dividend of 0.475 per share by the utilities provider on Tuesday, February 17th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, February 2nd. This is a 8.0% increase from NRG Energy’s previous quarterly dividend of $0.44.

NRG Energy has increased its dividend by an average of 0.7%annually over the last three years and has increased its dividend every year for the last 1 years. NRG Energy has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NRG Energy to earn $9.78 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 19.4%.

NRG Energy Stock Down 0.8%

Shares of NRG traded down $1.26 during trading hours on Friday, hitting $152.46. The stock had a trading volume of 1,720,153 shares, compared to its average volume of 1,914,308. The firm has a market capitalization of $29.22 billion, a P/E ratio of 22.79 and a beta of 1.25. The company has a debt-to-equity ratio of 8.45, a current ratio of 1.05 and a quick ratio of 0.99. NRG Energy has a 1-year low of $79.57 and a 1-year high of $180.54. The firm has a 50 day simple moving average of $158.34 and a 200-day simple moving average of $159.81.

NRG Energy (NYSE:NRG – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The utilities provider reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.85. NRG Energy had a net margin of 4.84% and a return on equity of 103.57%. The business had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts predict that NRG Energy will post 6.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NRG shares. BMO Capital Markets lifted their price target on NRG Energy from $185.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Jefferies Financial Group lowered their price target on NRG Energy from $198.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley restated an “underperform” rating on shares of NRG Energy in a report on Thursday, November 20th. Wells Fargo & Company raised their target price on NRG Energy from $202.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Finally, UBS Group assumed coverage on NRG Energy in a research report on Tuesday, December 9th. They set a “buy” rating and a $211.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, NRG Energy presently has an average rating of “Moderate Buy” and an average target price of $184.91.

Check Out Our Latest Research Report on NRG

NRG Energy Company Profile

(Get Free Report)

NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.

NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.

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